v3.26.1
Condensed Balance Sheets (Unaudited) - MPC - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 2,984 $ 1,639
Receivables —    
Customer accounts, net and Affiliated 2,301 2,251
Unbilled revenues 938 931
Other accounts and notes 580 655
Fossil fuel stock 728 735
Materials and supplies 2,380 2,202
Other regulatory assets 916 709
Other current assets 501 487
Total current assets 12,378 10,917
Property, Plant, and Equipment:    
In service 151,437 146,114
Less: Accumulated depreciation 45,868 43,483
Plant in service, net of depreciation 105,569 102,631
Construction work in progress 11,874 10,534
Total property, plant, and equipment 118,345 114,369
Other Property and Investments:    
Total other property and investments 10,687 10,440
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 1,094 948
Prepaid pension costs 3,544 3,257
Deferred under recovered fuel clause revenues 151 252
Regulatory assets – asset retirement obligations 5,042 5,129
Other regulatory assets, deferred 7,577 7,427
Other deferred charges and assets 1,661 1,436
Total deferred charges and other assets 20,617 19,994
Total Assets 162,027 155,720
Current Liabilities:    
Securities due within one year 4,694 6,220
Notes payable 2,132 722
Accounts payable —    
Accrued compensation 927 1,418
Asset retirement obligations 658 662
Other regulatory liabilities 190 240
Other current liabilities 1,146 1,157
Total current liabilities 15,734 16,888
Long-term Debt 68,756 65,649
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 12,628 12,133
Deferred credits related to income taxes 4,611 4,712
Employee benefit obligations 1,029 980
Asset retirement obligations, deferred 8,917 8,939
Other cost of removal obligations 2,084 2,036
Other regulatory liabilities, deferred 712 722
Other deferred credits and liabilities 1,850 1,505
Total deferred credits and other liabilities 35,195 34,316
Total Liabilities 119,685 116,853
Total Liabilities and Stockholders' Equity 162,027 155,720
Mississippi Power    
Current Assets:    
Cash and cash equivalents 22 26
Receivables —    
Unbilled revenues 48 44
Under recovered retail fuel clause revenues 55 0
Other accounts and notes 18 22
Fossil fuel stock 46 46
Materials and supplies 102 101
Other regulatory assets 58 49
Other current assets 14 10
Total current assets 450 374
Property, Plant, and Equipment:    
In service 6,111 5,972
Less: Accumulated depreciation 2,020 1,922
Plant in service, net of depreciation 4,091 4,050
Construction work in progress 223 238
Total property, plant, and equipment 4,314 4,288
Other Property and Investments:    
Total other property and investments 140 143
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 24 25
Prepaid pension costs 162 151
Deferred under recovered fuel clause revenues 0 40
Regulatory assets – asset retirement obligations 228 229
Other regulatory assets, deferred 259 255
Accumulated deferred income taxes 59 66
Other deferred charges and assets 81 66
Total deferred charges and other assets 813 832
Total Assets 5,717 5,637
Current Liabilities:    
Securities due within one year 141 66
Notes payable 38 0
Accounts payable —    
Accrued taxes 70 125
Accrued compensation 30 49
Asset retirement obligations 18 21
Other regulatory liabilities 24 20
Other current liabilities 97 92
Total current liabilities 559 520
Long-term Debt 1,720 1,720
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 501 491
Deferred credits related to income taxes 192 211
Employee benefit obligations 66 67
Asset retirement obligations, deferred 97 103
Other cost of removal obligations 103 115
Other regulatory liabilities, deferred 137 141
Other deferred credits and liabilities 40 80
Total deferred credits and other liabilities 1,136 1,208
Total Liabilities 3,415 3,448
Total common stockholders' equity 2,302 2,189
Total Liabilities and Stockholders' Equity 5,717 5,637
Mississippi Power | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 60 50
Accounts payable —    
Affiliated and Other 69 77
Mississippi Power | Related Party    
Receivables —    
Customer accounts, net and Affiliated 27 26
Accounts payable —    
Affiliated and Other $ 72 $ 70